AMECO Buys F&M Mafco

May 10, 2022 - AMECO, a leading provider of construction and maintenance site services planning and delivery, has acquired F&M Mafco, an international supplier of tools and equipment rental, sales, and service programs.

Synergies between the companies will improve the availability of materials, create onsite labor efficiencies, reduce project costs, and enhance safety and sustainability efforts.

Company headquarters will remain in AMECO's Greenville, South Carolina, facility, and Mafco will maintain a significant operation in Cincinnati, Ohio.

"The transformational combination of these two great brands and teams creates a comprehensive Site Services offering that is truly unprecedented in our industry,” said Gary Bernardez, chief executive officer of AMECO. “Our combined strengths enable us to expand the boundaries in providing innovative site solutions to our clients on capital construction, facility operations, and maintenance projects across a greater geographical reach. This is a game changer."

Mafco CEO Tim Fries was named chief growth officer of both organizations and president of Mafco. He reports directly to AMECO CEO Gary Bernardez and be responsible for developing and implementing a long-term growth strategy that fully leverages the synergies of both businesses to drive comprehensive solutions to clients. Fries will oversee all joint strategic planning, business development, marketing and client success initiatives.

Fries said, "I am very excited about the growth potential that a combined AMECO and F&M MAFCO product and services offering can have on our businesses. Both companies have great brand recognition and reputations in the marketplace. More importantly, we share common core values and company cultures, which will be a key ingredient in delivering exceptional service to clients and securing our future success."

AMECO is a portfolio company of One Equity Partners, a middle market private equity firm focused on transformative combinations in the industrial, healthcare, and technology sectors in North America and Europe.